Madison Dearborn Partners-backed Ardonagh completed the acquisition of Letton Percival and ALP.

Madison Dearborn Partners-backed Ardonagh, an independent insurance distribution platform, completed the acquisition of Letton Percival, an insurance brokerage, and ALP, its holding company. Financial terms were not disclosed. “I am delighted that ALP is joining our business, and in doing so helping us to develop a presence in Liverpool. They are a fantastic team with a great reputation and legacy, always putting their clients first. We look forward to welcoming them to Ardonagh and supporting their continued success,” Richard Tuplin, Ardonagh Advisory GI Broking CEO.